The North America yoga & meditation service revenue is expected to rise from USD 1,333.1 million in 2024 to USD 6,377.4 million by 2034. Demand for yoga and meditation services in North America is set to increase at a 16.9% CAGR during the assessment period.
Multiple factors are expected to drive the growth of the North America yoga & meditation domain through 2034. These include rising awareness about the multiple benefits of yoga and meditation and the availability of online platforms and apps providing classes in yoga and meditation.
In recent years, there has been a notable cultural shift toward embracing mindfulness practices for both physical and mental well-being. This paradigm shift is propelling a collective recognition of the positive impact that yoga and meditation can have on health, stress management, and quality of life.
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Yoga and meditation are gaining widespread popularity across North America’s nations. This is because people want to manage stress, improve mental well-being, and maintain a healthy lifestyle.
A significant driver of this trend is the accessibility afforded by online platforms and mobile applications that provide convenient access to a variety of yoga and meditation classes. The proliferation of online platforms is making yoga and meditation services available to a wider audience at any location.
The diverse range of classes and styles offered through online platforms caters to individuals of varying skill levels, preferences, and schedules. This diversity ensures that yoga and meditation are no longer confined to specialized studios or specific demographics but are accessible to a broad spectrum of individuals.
The rise of wearable technology and health-tracking apps will also fuel demand for yoga and meditation services. This is because individuals today increasingly prioritize preventive healthcare and holistic well-being.
Key Takeaways from the Study
- The North America yoga & meditation service revenue is set to total US$ 6,377.4 million in 2034.
- Demand for yoga and meditation services in North America is set to rise at a 9% CAGR through 2034.
- Based on service type, the sleep tracking and monitoring apps segment is projected to expand at a CAGR of 1% through 2034.
- By end-user, the residential segment is poised to thrive at a 4% CAGR between 2024 and 2034.
- Canada is expected to register a CAGR of 3% from 2024 to 2034.
- The United States domain value is set to increase at a 1% CAGR through 2034.
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“Yoga and meditation service providers often focus on creating comprehensive wellness programs, combining diverse yoga styles and meditation techniques, to cater to individuals’ physical, mental, and spiritual well-being,” says a lead Future Market Insights (FMI) analyst.
Competitive Landscape
Key yoga & meditation service providers listed in the report include Headspace Inc., Calm.com, Insight Timer, Gaia, Inc., Yoga International, The Chopra Center, YogaWorks, Mindvalley, DoYouYoga, Yoga Alliance, Daily Burn, Glo (formerly YogaGlo), YogiApprovedYoga Download, and MyYogaWorks among others.
Key players are focusing on offering different services to customers across North America and other regions. They are also employing strategies such as partnerships, mergers, acquisitions, and collaborations to expand their footprint.
- In 2022, Down Dog introduced Down Dog 5.0, a big update to its core yoga app.
Key Players Are:
- Headspace Inc.
- Calm.com
- Insight Timer
- Gaia, Inc.
- Yoga International
- The Chopra Center
- YogaWorks
- Mindvalley
- DoYouYoga
- Yoga Alliance
- Daily Burn
- Glo (formerly YogaGlo)
- YogiApproved
- Yoga Download
- MyYogaWorks
- Others (As per Request)
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Get More Valuable Insights
Future Market Insights (FMI) offers historical demand data (from 2019 to 2023) and forecast statistics for the period from 2024 to 2034 in its latest offerings. The report provides insightful information on the North America yoga & meditation service domain based on service type, end-user, and country.
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